CIT Bank

CIT Announces Third Quarter 2020 Financial Results

Retrieved on: 
Friday, October 16, 2020

The conference call will also be webcast, which can be accessed from the Investor Relations section of CIT's website under Presentations & Events .

Key Points: 
  • The conference call will also be webcast, which can be accessed from the Investor Relations section of CIT's website under Presentations & Events .
  • CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals.
  • CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A.
  • CIT's consumer banking segment includes a national direct bank and regional branch network.

First Citizens BancShares, Inc. and CIT Group Inc. Announce Transformational Partnership to Create a Top-Performing Commercial Bank

Retrieved on: 
Friday, October 16, 2020

The transformational partnership will create greater scale to drive growth, improve profitability and enhance stockholder value.

Key Points: 
  • The transformational partnership will create greater scale to drive growth, improve profitability and enhance stockholder value.
  • Together, First Citizens and CIT will be able to leverage both companies' unique attributes to create the 19th largest bank in the country, well-positioned to compete across the United States."
  • I'm proud of the work we have done to transform CIT in recent years to a leading, national commercial bank.
  • CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A.

First Citizens BancShares, Inc. and CIT Group Inc. Announce Transformational Partnership to Create a Top-Performing Commercial Bank

Retrieved on: 
Friday, October 16, 2020

The transformational partnership will create greater scale to drive growth, improve profitability and enhance stockholder value.

Key Points: 
  • The transformational partnership will create greater scale to drive growth, improve profitability and enhance stockholder value.
  • Together, First Citizens and CIT will be able to leverage both companies unique attributes to create the 19th largest bank in the country, well-positioned to compete across the United States.
  • I'm proud of the work we have done to transform CIT in recent years to a leading, national commercial bank.
  • CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A.

CIT to Announce Third Quarter 2020 Financial Results

Retrieved on: 
Friday, October 9, 2020

CIT expressly disclaims and undertakes no responsibility to update or alter such information based on new information, future events or otherwise.

Key Points: 
  • CIT expressly disclaims and undertakes no responsibility to update or alter such information based on new information, future events or otherwise.
  • CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals.
  • CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A.
  • CIT's consumer banking segment includes a national direct bank and regional branch network.

CIT Chairwoman and CEO Ellen R. Alemany Receives Leadership Legacy Award

Retrieved on: 
Wednesday, October 7, 2020

COLUMBIA, S.C., Oct. 7, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) Chairwoman and Chief Executive Officer Ellen R. Alemany has received the Leadership Legacy Award from the Center for Executive Succession at the University of South Carolina's Darla Moore School of Business.

Key Points: 
  • COLUMBIA, S.C., Oct. 7, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) Chairwoman and Chief Executive Officer Ellen R. Alemany has received the Leadership Legacy Award from the Center for Executive Succession at the University of South Carolina's Darla Moore School of Business.
  • The award honors building a legacy of leadership talent and delivering strong business, reputational and social performance.
  • "The Leadership Legacy Award sets a high bar for CEO performance and Ellen's track record of consistently delivering business results, developing strong cultures and cultivating leadership talent exemplifies the spirit of this recognition," said Professor and Director of the Center for Executive Succession Patrick Wright.
  • CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A.

CIT Serves as Sole Lender on $75 Million Revolving Credit Facility for Skillsoft

Retrieved on: 
Wednesday, September 30, 2020

"We were impressed by CIT's agility and expertise in arranging this financing at a critical moment in Skillsoft's evolution," said John Frederick, Skillsoft's chief administrative officer.

Key Points: 
  • "We were impressed by CIT's agility and expertise in arranging this financing at a critical moment in Skillsoft's evolution," said John Frederick, Skillsoft's chief administrative officer.
  • "We were pleased to provide the credit facility Skillsoft needed to pursue its business goals."
  • CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals.
  • CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A.

CIT Launches New Commercial Online Banking Platform for Community Association Banking Customers

Retrieved on: 
Tuesday, September 29, 2020

NEW YORK, Sept. 29, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced the launch of a new commercial online banking platform, designed to maximize efficiency and agility for Community Association Banking customers.

Key Points: 
  • NEW YORK, Sept. 29, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced the launch of a new commercial online banking platform, designed to maximize efficiency and agility for Community Association Banking customers.
  • "We're committed to delivering customized, efficient services that ensure a more streamlined banking experience," said Alan DeTata, president of Community Association Banking for CIT.
  • CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A.
  • The company's commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management.

CIT Provides $20 Million Credit Facility for Protech Home Medical

Retrieved on: 
Monday, September 21, 2020

Based in Cincinnati, Ohio, Protech Home Medical provides clients with a broad range of in-home monitoring and disease management services, including end-to-end respiratory solutions for patients in the United States healthcare market.

Key Points: 
  • Based in Cincinnati, Ohio, Protech Home Medical provides clients with a broad range of in-home monitoring and disease management services, including end-to-end respiratory solutions for patients in the United States healthcare market.
  • The credit facility will be used for general corporate purposes, acquisitions and ongoing business development.
  • "This senior credit facility with CIT is truly a momentous moment for Protech and I could not be prouder of the entire team for their continued hard work that led us to this very significant moment.
  • CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A.

CIT Named Top Lead Arranger for Renewable Energy Financing

Retrieved on: 
Tuesday, September 8, 2020

NEW YORK, Sept. 8, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business was named Renewable Energy Lead Arranger of the Year by Power Finance & Risk, a top publication covering the energy project finance industry.

Key Points: 
  • NEW YORK, Sept. 8, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business was named Renewable Energy Lead Arranger of the Year by Power Finance & Risk, a top publication covering the energy project finance industry.
  • The award is granted for excellence and innovation while serving as lead arranger in financing renewable energy projects for a variety of clients, the magazine said.
  • "We are honored to receive this Renewable Energy Lead Arranger of the Year Award in recognition of CIT's expertise and agility in supporting clients in leading financings for clean energy projects across the U.S.," said David Harnisch, president of CIT's Commercial Finance division, which includes the Power and Energy group.
  • CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A.

OneWest Bank launches program to give back to local area school children

Retrieved on: 
Wednesday, August 26, 2020

PASADENA, Calif., Aug. 26, 2020 /PRNewswire/ -- OneWest Bank , CIT's Southern California retail bank division, today launched its second annual Bank on Building a Brighter Community program to give back to local area school children.

Key Points: 
  • PASADENA, Calif., Aug. 26, 2020 /PRNewswire/ -- OneWest Bank , CIT's Southern California retail bank division, today launched its second annual Bank on Building a Brighter Community program to give back to local area school children.
  • "This program aims to increase academic success and empower local kids to thrive despite the challenges they may be facing."
  • As part of the program OneWest Bank customers are also eligible to receive up to a $300 checking reward when they open a qualifying checking account and meet the requirements.
  • Find out more information on the program at OneWest Bank.